- VivoPower plans to convert mined tokens into XRP, targeting large exposure at reduced cost.
- Tembo now accepts Ripple’s RLUSD stablecoin for faster and cheaper global transactions.
VivoPower International said its mining division, Caret Digital, plans to expand its fleet and swap mined digital assets for XRP. The company stated this method will allow it to gain XRP exposure at what it described as a 65% effective discount. At press time, XRP price traded at $3.02, up by 2% over the past week.
No further details were provided on the amount of XRP expected to be acquired or the exact mix of tokens to be exchanged. According to its website, Caret Digital currently mines Bitcoin, Litecoin, and Dogecoin.
Meanwhile, the expansion will involve acquiring additional mining equipment through discounted bulk purchases. The company added that these cost savings, along with the token swaps, are part of a broader plan to increase XRP holdings without buying at market price.
Treasury Strategy Backed by New Capital and Key Investors
VivoPower first outlined its XRP treasury approach in May, following a $121 million private funding round. The investment was led by Prince Abdulaziz bin Turki bin Talal Al Saud, chairman of Eleventh Holding Company. Former Ripple board member Adam Traidman also took part in the round and now serves as chairman of VivoPower’s advisory board.
In June, the company appointed BitGo as its exclusive digital asset custodian and trading partner. Around the same time, it began working with blockchain platform Flare, which is backed by Ripple Labs, to generate returns on its XRP holdings. VivoPower committed $100 million to the program and said proceeds will be directed back into its reserves.
Last month, VivoPower announced an agreement to purchase $100 million worth of Ripple Labs shares from current shareholders. The deal, pending approval from Ripple’s executive team, is expected to provide access to the equivalent of 211 million XRP at an implied rate of $0.47 per token. The company said this figure reflects an 86% discount compared to the market price at the time.
VivoPower described its overall approach as combining mined token swaps with equity purchases to lower the average cost of building its XRP position. This dual-track strategy is designed to expand exposure while managing acquisition costs.
Stablecoin Integration and Ecosystem Expansion
As BTCDaily reported, VivoPower also said that its electric vehicle unit, Tembo, will now accept RLUSD, a stablecoin issued by Ripple, for customer payments. The company explained that this move is intended to reduce settlement times and fees, particularly in regions where cross-border payments are often delayed or expensive.
In another development, the company partnered with Doppler Finance to allocate $30 million of XRP into institutional-grade yield programs. Any returns generated through this initiative will be used to further increase XRP reserves, according to a company statement.
VivoPower shares closed at $5 on Tuesday, giving the company a market cap of around $50 million.
